How To Choose A Legal CBD Merchant Processor

CANNANNEW REPORT

CBD sales are legal in all 50 states. However, it doesn’t mean that all merchants have an easy time cashing in on these sales. Not all merchant processing companies will allow you to ring up CBD sales. That’s because they are afraid of potentially illegal phytocannabinoids being rung up on their terminals. Here’s how to get cannabis-friendly merchant processing software so that you don’t break any American federal laws.   Why Are CBD Sales Prohibited on Some Terminals? CBD is just 1 of 113 known compounds found in cannabis plants known as phytocannabinoids. THC is one of those phytocannabinoids. It’s the compound responsible for the high you experience when you light up your glass bowl. THC is also the reason why hemp products have been outlawed in some states until December 2018. Hemp naturally contains 0.3% THC or less. This low concentration is precisely why hemp doesn’t cause a psychoactive effect. It’s also why hemp has been declassified as a controlled substance, and CBD is now legal in all 50 states. Marijuana, which is cannabis with concentrations of 0.3% THC or more, is still federally illegal. Plus, it’s illegal in some states. While CBD is legal, it’s not highly regulated. Many common CBD products are wrong about their phytocannabinoid claims. While the issues tend to be lower CBD content than advertised, this inconsistency raises a red flag for merchant processors. Merchant processors don’t have the ability to confirm the phytocannabinoid content of CBD products. They run the risk of marijuana sales being made under the guise of CBD oil items. There are also concerns that unverified phytocannabinoid content can accidentally lead to unintentional marijuana sales. Merchant processing companies don’t want to risk the liability of federally illegal sales happening on their systems. That’s why you can only partner with specific…

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Source : How To Choose A Legal CBD Merchant Processor

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